Treasury yields inch lower as investors await Fed interest rate decision

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U.S. Treasury yields moved lower on Tuesday as investors looked ahead to the Federal Reserve’s interest rate decision.

At 7:10 a.m. ET, the benchmark 10-year Treasury yield was down one basis point to 3.981%, while the 2-year Treasury note yield was less than a basis point lower at 3.492%. The 30-year bond yield fell more than 1 basis points to 4.554%.

One basis point equals 0.01% (1/100th of 1%) and yields and prices move inversely to one another.

Investors are anticipating the start of the two-day Fed meeting on Tuesday, as policymakers are widely expected to cut rates.

Treasury yields inch lower as investors await Fed interest rate decision

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Treasury yields fall as investors look ahead to the Fed's interest rate decision